This is a depreciation recapture. However, if taxpayer instead sells the property for $1200, because his recomputed basis is $600, $400 of the gain is taxed as ordinary income and $200 is taxed at the more favorable capital gains tax rate.
The tuition charge is $10,088 while room and board is $8,270, books and supplies are $1,130 and other fees come in at $1,929. Residents of Virginia pay an annual total price of $21,417 to attend Virginia Tech on a full time basis.
virginia tech tuition is $ 10088 per year for in state residents this is 57 % more expensive than the national average public four year tuition of $ 6429he cost is $ 7971 and 44 % cheaper than the average virginia tuition of $ 18059 for 4 year colleges tuition ranks 18th in virginia amongst 4 year colleges for affordability and is the 57th most expensive 4 year college in the state if attending from out of state the tuition is $ 25515 which represents a 153 % premium